Tag Archives: judiasm

The oh-so lovable Asian-Jew duo, Amy Chua and her sidekick husband Jed Rubenfield, are at it again. This time, they are on a mission to motivate the next generation of great Americans. How? Tiger Parent our country back to a golden empire. Make sure that as a culture and individuals we obtain this ever-important trifecta of highly-depressing traits: a superiority complex, an inferiority complex, and, last but not least, impulse control.

The superior inferior, impulsefully-controlled pairing believe these are the elements of building a culture that is, well, superior. Their argument stems from research about different cultural groups that have been more successful financially and fame-wise than others. To some, this is the new racism, not much different than the old. However, there is some merit to the argument, which at least removes genetics from the equation (ala my father’s favorite explanation of racial superiority borrowed from The Bell Curve.)

According to the article, the most affluent of the major religions, including secularism, is Reform Judaism. What’s more, 67% of Reform Jewish households made more than $75k per year. Hindus and Conservative Jews take the #2 and 3 spots.

On the other end are Pentecostals, Jehovah’s Witnesses and Baptists. In each case, 20 percent or fewer of followers made at least $75,000. The share of Baptist households making $40,000 or less is roughly the same as the share of Reform Jews making $100,000 or more.

While I’m not sure religious belief has anything to do with the income discrepancy between religions, it’s clearly due to the values placed in each culture (because let’s face it, in America, for many of us, religions is our culture — even if we’re not religious.)

In other families – perhaps other non Jewish families – money wasn’t the considered the most important definition of success. I couldn’t choose not to go to college, nor could I choose to be satisfied in a lower-wage position when I knew the only thing stopping me from upward mobility would be myself, and myself being a coward. But, given I was able to go to college and graduate with no debt, the bravery had a cushion behind it at all times.

The article points out that “the differences are also self-reinforcing. People who make more money can send their children to better schools, exacerbating the many advantages they have over poorer children. Round and round, the cycle goes. It won’t solve itself.”

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The anti-minimalist: I'm the absolute worst with money. I have a shopping addiction. That's exactly why this blog exists. HECC is not a typical personal finance blog. I started it in 2007 to hold myself accountable for binge spending, a dropping networth, and lack of overall fiscal literacy. 10 years later, had achieved a networth of over $500k. Now my goal is to hit $1M by 40. Recently married and with my first kid on the way, things are about to get... interesting. I write about the intersection of mental health and money, spending & investing, and millennial personal finance.